Key takeawaysBuying Bitcoin with a credit card offers nearly instant transactions and convenience, but it costs you higher fees and potential blocked transactions from card providers.Centralized exchanges like Coinbase and Kraken are the easiest reputable platforms on which to buy Bitcoin with credit cards.To protect yourself during transactions, only use trusted exchanges and use security protocols like 2FA.Credit card purchases can offer some extra protection against fraud compared to other payment methods, but purchase limits can be more restrictiveLooking for the quickest and easiest way to purchase Bitcoin? Buying Bitcoin with a credit card is almost instant on many platforms. Before you start your digital shopping spree, you should take a few minutes to learn how to buy Bitcoin (BTC) with a credit card in the most efficient way. However, if you’re not careful, you could end up damaging your credit score and even getting scammed out of your investments. Below, you will find a step-by-step process for purchasing Bitcoin on a reputable exchange, plus learn how to protect yourself from unnecessary financial distress along the way. Why use a credit card for Bitcoin purchases?Buying Bitcoin via a credit card is almost instant on major exchanges. It can be performed easily on a mobile device or web, allowing buyers and traders to quickly take advantage of market moves.Often, the cryptocurrency exchanges that accept credit cards are regulated and will use high levels of encryption. These exchanges will require Know Your Customer (KYC) and Anti-Money Laundering (AML) checks for security and compliance. Purchasing Bitcoin with a credit card is a beginner-friendly option for new cryptocurrency investors already familiar with using their credit cards for online transactions. There may be some protection from the credit card company if something goes awry.Will buying Bitcoin with a credit card affect my credit score?Every purchasing decision you make with your credit card will have an effect on your credit score, either positive or negative. Crypto is likely to do more harm than good to a credit score. Here’s why:Particularly with large Bitcoin purchases, it will increase your credit utilization ratio. Banks don’t reflect kindly to high credit utilization above 50% of a credit limit.Traditional banks and card issuers classify crypto purchases as cash advances and risky transactions. Payment history still remains the key factor in your credit score. Credit issuers may well frown upon regular Bitcoin purchases.Did you know? Over 85% of retailers across the world accept credit cards, while only 25% of online retailers accept crypto payments. Credit cards are still more widely accepted; however, crypto acceptance is growing quickly. Where to buy Bitcoin (BTC) with a credit cardYou could buy Bitcoin with credit cards on centralized crypto exchanges (CEXs). Well-known global platforms like Coinbase, Kraken and Binance all enable their users to buy Bitcoin with a credit card. Adding to this, you can use instant buy features to purchase Bitcoin with a credit card without depositing fiat currency into your account first. However, the regional availability for CEXs varies from platform to platform. This is usually dependent on local regulations and compliance. So, before picking a platform, you should check if it operates in your location and with your card issuer.What if a credit card transaction is declined?Many traditional banks actively block crypto-related transactions, which means you might find your credit card declined when attempting to purchase Bitcoin or other cryptocurrencies. This is often due to the bank’s policy against facilitating cryptocurrency transactions. However, there is good news: Modern fintech banking alternatives, such as digital banks and crypto-friendly payment platforms, are increasingly supportive of cryptocurrency purchases, offering a smoother transaction experience.Aside from bank restrictions, other reasons for declined crypto transactions can include fraud prevention measures, where the transaction is flagged as suspicious. Additionally, exceeding your credit card’s spending limit or encountering issues with your card’s authorization settings can also lead to a declined transaction.Is there a limit to how much Bitcoin can be bought with a credit card?The purchase limit for Bitcoin varies for each individual and is influenced by two main factors. First, the spending limit on your credit card, which is determined by your bank or card issuer. Second, the crypto exchange you’re using will impose its own purchase limits. For first-time buyers, these limits can be relatively low — often just a few hundred dollars. However, depending on the exchange and your account history, these limits can typically be increased to $5,000 or more per week if needed.You should also be aware of the credit card Bitcoin purchase fees that can include: Exchange fees: Typically 3%–5% for credit card purchases (this is higher than other methods, which can be as low as 0.1%).Card issuer fees: Some treat crypto purchases as cash advances.Foreign transaction fees: It may apply to fiat foreign currency transactions. Did you know? 8%–10% of the adult global population is thought to own cryptocurrency of some form in 2025. A huge jump from 1%–2% in 2018, highlighting the increasing adoption rate.How to buy Bitcoin on CEXs with a credit cardBuying Bitcoin with a credit card is one of the quickest and easiest ways to make a purchase. Once you have a verified exchange account, you can make the transaction almost instantly. Below is a step-by-step guide on how to buy Bitcoin with a Visa or Mastercard on Coinbase. Steps on other exchanges may vary, but the process is generally very similar. Step 1: Create a verified accountFollow the user-friendly sign-up process. Ensure to activate 2-factor authentication (2FA) to double-lock your account. During the sign-up process, you’ll need to verify your identity. Crypto regulations in many countries require exchanges to comply with KYC and AML regulations. To pass these checks, you must upload a valid government ID (passport, driving license or any other acceptable ID card).Step 2: Link your credit cardOnce your account is accessible, use the right-hand side panel to add your payment method. This will give you the option to link a credit card. Add your card details and click “Add Card.” Step 3: Buy BitcoinUsing the right-hand side panel instant buy feature, select Bitcoin and the amount you’d like to purchase. The exchange buy limit will also be shown next to your credit card payment method. This is usually limited to 10,000 British pounds daily on Coinbase. When ready, click “Buy Now.” Confirm the purchase on your banking app. Once approved, the Bitcoin will be added to your exchange account and fiat debited from your credit card. How to protect yourself from fraud when buying Bitcoin with a credit cardThe irreversible nature of Bitcoin means security and fraud prevention should be at the top of your list. It is your responsibility to protect your financial information and crypto from being compromised. To stay safe when buying Bitcoin, you should:Only use a reputable and regulated exchange with a strong security record.Use core security features, including unique passwords and 2FA.Watch out for phishing attempts. Double-check URLs, and don’t click email links or unsolicited messages.Consider moving Bitcoin into a self-custody hardware wallet to protect against exchange hacks and fraud. Is it safe to buy BTC with a credit card?It is generally considered that buying Bitcoin with a credit card is one of the safest methods. This is because it helps to protect your wider financial information, such as direct access to bank accounts. You can also benefit from fraud prevention and spending limits that credit card companies offer. So, if your card details or accounts fall into the wrong hands, you will have higher levels of protection. Plus, there is even some recourse to reverse payments and have fraudulent payments struck off. While it does offer added protection and convenience, purchases will come at a higher cost. Credit card companies typically charge higher fees for crypto transactions, and you may face restrictions on the size of Bitcoin purchases. Many exchanges impose lower purchase limits for credit card transactions, especially for first-time buyers, which could make it less appealing for larger investments. Despite these drawbacks, the extra protection and ease of use make it a convenient option for those new to the crypto space.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Arthur Hayes, the Chief Investment Officer at Maelstrom and co-Founder as well as former CEO of BitMEX, has published a new essay titled “The Ugly,” in which he contends that Bitcoin could be poised for a profound near-term pullback before ultimately marching to unprecedented highs. While retaining his characteristic bluntness, Hayes lays out two scenarios when to buy Bitcoin. Buy Bitcoin If This Happens Hayes’ essay begins by recounting a sudden shift in sentiment that caught him off guard. Comparing financial analysis to backcountry skiing on a dormant volcano, Hayes recalls how the mere hint of avalanche danger once forced him to stop and reassess. He expresses a similarly uneasy feeling about current monetary conditions, an intuition he says he last felt in late 2021, right before the crypto markets collapsed from their record highs. “Subtle movements between central bank balance sheet levels, the rate of banking credit expansion, the relationship between the US 10-yr treasury/stocks/Bitcoin prices, and the insane TRUMP memecoin price action produced a pit in my stomach,” he writes, emphasizing that these signals collectively remind him of the market’s precarious situation prior to the 2022 and 2023 downturns. He clarifies that he does not believe the broader bull cycle is finished, but he anticipates that Bitcoin could drop to somewhere around the $70,000 to $75,000 range before rallying sharply to reach $250,000 by year’s end. Related Reading: DeepSeek Predicts Bitcoin Bull Run Peak At $500,000 – Here’s When He describes this range as plausible given that equity markets and treasury markets appear, in his words, deeply entangled in a “filthy fiat” environment still grappling with the vestiges of inflation and rising interest rates. Hayes points out that Maelstrom, his investment firm, remains net long while simultaneously raising its holdings in the USDe stablecoins to buy back Bitcoin if price falls below $75,000. In his view, scaling back risk in the short term allows him to preserve capital that can later be deployed when a genuine market liquidation occurs. He identifies a 30% correction from current levels as a distinct possibility, while also acknowledging that the bullish momentum could continue. “if Bitcoin trades through $110,000 on strong volume with an expanding perp open interest, then I’ll throw in the towel and buy back risk higher,” he writes on his second scenario. In attempting to decipher why a temporary pullback might happen, Hayes asserts that major central banks—the Federal Reserve in the United States, the People’s Bank of China, and the Bank of Japan—are either curbing money creation or, in some cases, outright raising the price of money by permitting yields to rise. He believes that these shifts could choke off speculative capital that has elevated both stocks and cryptocurrencies in recent months. His discussion of the US focuses on two interlocked perspectives: that ten-year treasury yields could rise to a zone between 5% and 6%, and that the Federal Reserve, while hostile to Donald Trump’s administration, will not hesitate to reinitiate printing if it becomes essential to preserve American financial stability. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? However, he believes that at some point, the financial system will need an intervention—most likely an exemption to the Supplemental Leverage Ratio (SLR) or a new wave of quantitative easing. He contends that the reluctance or slowness of the Fed to take these steps increases the probability of a near-term bond market sell-off, which could weigh on equities, and by correlation, Bitcoin. His political analysis homes in on the lingering enmity between Trump and Federal Reserve Chair Jerome Powell, as well as the Fed’s willingness to forestall a crisis during the Biden presidency. He cites statements from former Fed governor William Dudley and references Powell’s press conference remarks that suggested the Fed might alter its approach based on Trump’s policies. Hayes describes these tensions as a backdrop for a scenario in which Trump might allow a mini-financial crisis to unfold, forcing the Fed’s hand. Under such stress, the Fed would have little choice but to prevent a broader meltdown, and monetary expansion could then follow. He suggests that it would be politically expedient for the Trump administration to permit yields to surge to crisis levels if it meant that the Fed would be compelled to pivot into the large-scale money printing that many in crypto circles expect. China, Hayes remarks, had seemed poised to join the liquidity party with an explicit reflation program until a sudden U-turn in January, when the PBOC halted its bond-buying program and allowed the yuan to stabilize in a stronger position. He attributes this policy change to internal political pressures or possibly strategic maneuvering for future negotiations with Trump. Hayes also acknowledges that some readers might find the correlation between Bitcoin and traditional risk assets perplexing, given the long-term argument that Bitcoin is a unique store of value. Yet he points to charts showing a rising 30-day correlation between Bitcoin and the Nasdaq 100. In the short term, he says, the leading cryptocurrency remains sensitive to changes in fiat liquidity, even if the coin ultimately trades on an uncorrelated basis over extended time horizons. He thus portrays Bitcoin as a leading indicator: if bond yields spike and equity markets tumble, Bitcoin could begin its dive before tech stocks follow. Hayes thinks that once authorities unleash renewed monetary stimulus to quell volatility, Bitcoin would be the first to bottom out and rebound. He admits that predicting exact outcomes is impossible and that any investor must play perceived probabilities rather than certainties. His decision to hedge is derived from the concept of expected value. If he believes there is a substantial chance of a 30% pullback versus a smaller probability that Bitcoin will continue higher before he decides to buy back in at a 10% premium, reducing exposure still yields a better risk-reward ratio. “Trading isn’t about being right or wrong,” he emphasizes, “but about trading perceived probabilities and maximizing expected value.” He also underscores that this protective stance allows him to wait for the kind of dramatic liquidation move in altcoins that often accompanies a short-term Bitcoin collapse, a scenario he calls “Armageddon” in the so-called “shitcoin space.” In such circumstances, he wants ample funds available to pick up fundamentally sound tokens at severely depressed prices. At press time, BTC traded at $102,530. Featured image created with DALL.E, chart from TradingView.com
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After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum. Related Reading: Bitcoin’s Price Dip Triggers Alert On NVT Golden Cross—Here’s What To Watch For Key Indicators Highlight Best Buying Opportunities As Bitcoin continues its rally, CryptoQuant, a prominent on-chain analytics platform, has shared insights into key metrics that could help potential investors determine optimal entry points. Drawing on historical data and market behaviour, CryptoQuant highlights the patterns of price corrections, short-term holder strategies, speculative bets, and trading volume indicators to guide investors in navigating Bitcoin’s ongoing bull run. According to CryptoQuant, historical bull markets have shown that price drawdowns are inevitable, even during periods of sustained growth. For instance, the 2017 bull market experienced corrections of up to 22%, while the 2021 rally saw 10% and 30% declines. The 2024 bull run has already seen 15% and 20% price pullbacks, suggesting that periodic corrections may offer strategic buying opportunities. The platform also emphasizes the significance of the Short-Term Holder Realized Price metric, which reflects the average cost basis of recent investors. This metric often serves as a critical support level during bull markets, as short-term holders are more likely to buy at their break-even price, reinforcing price stability. Buy at the Average Cost Basis of Short-Term Holders The Short-Term Holder Realized Price can be seen as the buy-the-dip level during bull markets. Investors tend to buy at their break-even price, making this indicator a visualization of price support. pic.twitter.com/mTDpuhaK8Y — CryptoQuant.com (@cryptoquant_com) November 27, 2024 Additionally, CryptoQuant points to the “Flush of Open Interest,” a phenomenon where speculative positions are cleared out during periods of heightened price action. This process can create favorable entry points for investors looking to capitalize on temporary market resets. Lastly, the Net Taker Volume indicator, which measures the balance between buying and selling pressure, suggests that peak selling activity can signal opportunities for future price growth. A reading below -$30,000,000 according to CryptoQuant, as seen recently, may indicate that sellers are nearing exhaustion, paving the way for potential upside. Key Support Levels For Bitcoin While Bitcoin’s current momentum hints at another potential rally, analysts caution the importance of maintaining critical support levels. Crypto analyst Ali recently identified the $93,580 price zone as a key demand level, where approximately 667,000 addresses collectively acquired nearly 504,000 BTC. Related Reading: Bitcoin Sell-Side Pressure Dominated By New Holders, Research Shows According to the analyst, remaining above this level is crucial to avoid a potential sell-off from holders at this price point. One key demand zone for #Bitcoin to watch is $93,580, where 667,000 addresses bought nearly 504,000 $BTC. Staying above this support level is a must to prevent these holders from selling! pic.twitter.com/UdXTZOYzGH — Ali (@ali_charts) November 28, 2024 Featured image created with DALL-E, Chart from TradingView
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